ACM to cut 35 editorial positions amid revenue decline
By Staff writer in Media News on Thursday, 05th September 2024 at 5:02pm
Australian Community Media (ACM) has announced plans to reduce its workforce by cutting 35 editorial positions across its newsrooms, according to Crikey’s Daany Saeed.
In a statement released by the ACM National House Committee, it was revealed that during a town hall meeting with staff, the management shared the news, citing declining revenue as the primary reason.
In an email to staff, ACM Managing Director Tony Kendall confirmed the cuts, attributing them to the “loss of federal government advertising revenue, the loss of payments from Meta,” and “reduced revenue from display and classifieds advertising, as well as print circulation.”
A voluntary redundancy consultation period is open until September 11, with final decisions to be communicated by September 13. The last ...
To continue reading this article...
More Media News
Adfactors PR named Agency of the Year at CommuniCon 2026
By Staff Writer in Media News on Thursday, 19th March 2026 at 7:23pmChoice International collaborates with CNBC-AWAAZ to host investor awareness initiative
By Staff Writer in Media News on Thursday, 19th March 2026 at 5:01pm
Britannica sues OpenAI over alleged AI content misuse
By Staff Writer in Media News on Thursday, 19th March 2026 at 4:56pm
FOURTH RIGHT: Middle East wars and the escalating cost of news production
By Pradeep Damodaran in Media News on Thursday, 19th March 2026 at 4:35pm
TODAY’S TEN: Drone alerts, child mortality rate sees sharp decline and more
By Meena R. Prashant in Media News on Thursday, 19th March 2026 at 3:38pm
Andhra Pradesh journalists meet MLA Khatri during MP media outreach tour
By Staff Writer in Media News on Thursday, 19th March 2026 at 1:18pmShaw launches I’mTech
By Will McLennan in Media News on Thursday, 19th March 2026 at 12:19pm
Media news latest
Marcoms news latest